What are the responsibilities and job description for the Third-Party Risk Analyst position at Software Guidance & Assistance, Inc. (SGA, Inc.)?
Software Guidance & Assistance, Inc., (SGA), is searching for a Third-Party Risk Analyst for a CONTRACT assignment with one of our premier Banking clients in Auburn Hills, MI or Frisco, TX . Hybrid schedule 2x weekly onsite
Responsibilities :
SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company EEO page to request an accommodation or assistance regarding our policy.
Responsibilities :
- Advises and guides 1LOD (Line of Defense) performing the Third-Party risk processes performed on new and existing Third-Parties using a risk-based approach for review requirements and frequency.
- Analyzes process elements include planning, due diligence and third-party selection, contract negotiation, ongoing monitoring, termination/off-boarding.
- Provides guidance and works with 1LOD to identify, measure, control, monitor, and report on Third-Party risks in accordance with corporate risk policies.
- Facilitates and executes Third-Party due diligence activities, including relevant risk assessments to ensure adherence to the enterprise Third Party Risk Management policy.
- Demonstrated knowledge of banking industry products, services, and workflows.
- Familiarity with critical business processes and controls, as well as overall business needs and objectives, for Line of Business. Track record of driving timely and effective issue resolution in a financial services context
- Ability to educate colleagues on risk management, controls, and compliance concepts, frameworks, and policies.
- Ability to build relationships and engage constructively in a proactive and transparent approach with cross-functional stakeholders, to challenge status quo and drive buy-in to achieve common goals.
- Ability to clearly and effectively communicate, including ability to summarize and explain findings and issues to a wide range of audiences. Ability to apply sound judgment and appropriately escalate concerns and issues.
- Ability to demonstrate managerial courage and inspire colleagues across the organization to embrace change.
- Ability to gather, analyze and interpret large datasets from various sources.
- Strong analytical and critical thinking skills with high attention to detail and accuracy.
- Ability to manage multiple tasks and projects, prioritize work, meet deadlines, achieve goals.
- Self-starter, able to work fairly independently under the guidance of management, flexible and can navigate through an organization.
- 6 years of Risk Management or other related experience in the Financial Services
- 4 years of experience in Risk Management, Compliance, Audit, or related field
- Experience in advising colleagues in a risk and control environment
- Understanding of various risk types/pillars, risk management, controls, and compliance concepts and frameworks
- Project support/project management skills - ability to provide direction, track progress and ensure alignment with program requirements
- Proficient in risk management software, MS Office Suite, and other related technology tools
- Experience in Third-Party Risk Management
- 2 years of experience in Financial Services industry and/or knowledge of Line of Business products, services, and business processes
- Experience in developing and/or managing supplier contracts
SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company EEO page to request an accommodation or assistance regarding our policy.